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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) A p r i l 7, 1954 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks i n leading c i t i e s shows the following p r i n c i p a l changes f o r t h e week ended March 31: Decreases of $593 m i l l i o n i n holdings of Treasury b i l l s and # 9 3 m i l l i o n i n reserve balances with Federal Reserve Banks; increases of $550 m i l l i o n i n balances with domestic banks, $478 m i l l i o n i n United S t a t e s Government d e p o s i t s , and $510 m i l l i o n i n demand d e p o s i t s c r e d i t e d to domestic banks; and decreases of $1,513 m i l l i o n i n demand deposits a d j u s t e d and $625 m i l l i o n i n borrowings. Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans decreased i n most d i s t r i c t s and a t o t a l of $58 m i l l i o n a t a l l reporting member banks; t h e p r i n c i p a l changes were decreases of $35 m i l l i o n i n New York City and $16 m i l l i o n i n the S t . Louis D i s t r i c t , and an increase of $18 m i l l i o n in Chicago. Changes according to industry appear i n another p r e s s r e l e a s e . Loans t o brokers and d e a l e r s f o r purchasing or carrying s e c u r i t i e s decreased $76 m i l l i o n . Loans t o banks decreased $372 m i l l i o n . "Other" loans increased $25 m i l l i o n . Holdings of Treasury b i l l s decreased $267 m i l l i o n i n Chicago, $92 m i l l i o n i n New York City, $57 m i l l i o n i n the Kansas City D i s t r i c t , and by smaller amounts i n a l l but one of t h e o t h e r d i s t r i c t s . Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $111 m i l l i o n ; i n the Chicago D i s t r i c t the decrease was $127 m i l l i o n . Holdings of Treasury notes decreased $46 m i l l i o n . Demand deposits a d j u s t e d decreased i n most d i s t r i c t s ; the p r i n c i p a l decreases were $1,149 m i l l i o n i n Chicago, $108 m i l l i o n i n the San Francisco D i s t r i c t , $98 m i l l i o n i n the Boston D i s t r i c t , and $72 m i l l i o n i n the Dallas D i s t r i c t . Borrowings decreased $426 m i l l i o n i n New York City and $169 m i l l i o n i n the Chicago D i s t r i c t . A summary of a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks follows: Mar. 31, 1954 „ „ ASSETS Loans and investments - t o t a l Loans - net Loans - gross Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Loans t o brokers and d e a l e r s f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans 78,055 39,317 39,956 22,763 U. S. Government s e c u r i t i e s - t o t a l Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury notes U. S. bonds Other s e c u r i t i e s Reserves with Federal Reserve Banks Cash in v a u l t Balances with domestic banks 30,850 2,076 2,737 4,649 21,388 7,888 13,990 884 2,992 1,758 847 6,522 241 7,825 Increase or decrease since Apr. 1, Mar. 24, 1953 1954 ( I n m i l l i o n s of d o l l a r s ) -1,192 449 449 58 - + + - + — - + - + 76 27 5 372 25 759 593 ill 46 9 16 493 49 550 +1, 228 330 300 506 + + + - + 197 39 346 536 160 +1,,303 375 622 ,201 -lj +1,507 + 255 48 + 1 + 357 + + L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d Time d e p o s i t s except Government U. S . Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings 51,812 20,113 4,027 10,538 1,227 161 -1.,513 — 1 4478 + 510 2 625 + 10 +2,,026 99 + 446 83 848 ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN'LEADING CITIES, March 31', 195V F e e L e r a 1 R e a e r v e D i s t r i. c t Total San S t . IMinne- Kansas P h i l a - Cleve- RichNew All Atlanta Chicago Louis1apolis City Dallas Francisco Boston land mond delphia York Districts ( I n m i l l i o n s of do]Liars) ASSETS Loans and investments - t o t a l Loans - net# Commercial, i n d u s t r i a l , and a g r ' l loans Loans t o brokers Mid d e a l e r s f o r purchasing or c a r r y i n g s e c u r i t i e s Other loans f o r purchasing or carrying securities Real e s t a t e loans Loans t o banks Other loans -U. S. Government s e c u r i t i e s - t o t a l Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury n o t e s U. S. bbads Other s e c u r i t i e s Reserves w i t h Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 78,055 39,317 22,763 3,498 1,837 1,072 24,396 13,224 8,713 3,075 1,671 912 5,630 2,451 1,355 3,117 1,402 648 2,940 1,287 772 10,632 4,459 2,918 2,529 1,355 727 1,357 685 346 3,070 1,345 835 3,307 1,902 1,294 14,504 7,699 3,171 1,758 27 1,374 40 69 20 16 140 14 2 5 11 40 847 6,522 241 7,825 24 314 9 427 328 862 168 2,006 25 162 10 559 6l 506 8 503 67 266 4 4l4 34 87 2 398 136 568 7 779 22 254 10 346 14 138 1 193 21 197 3 297 79 129 5 401 36 3,039 14 1,502 30,850 2,076 2,737 4,649 21,388 7,888 13,990 884 2,992 1,628 1,350 126 72 118 1,034 3U 523 63 119 93 8,520 776 509 848 6,387 2,652 5,211 194 412 633 1,053 81 95 86 791 351 530 47 129 67 2,616 135 272 450 1,759 563 980 87 157 84 1,486 111 166 218 991 229 507 73 181 6l 1,387 88 199 245 855 266 489 44 275 62 5,085 204 338 1,052 3,491 1,088 1,920 108 283 112 982 62 160 184 576 192 419 33 169 38 530 1,402 14 173 189 50 134 257 783 332 142 323 550 195 15 37 83 365 18 44 1,202 98 170 161 773 203 587 43 472 100 5,237 208 517 896 3,616 1,568 2,079 140 347 316 51,812 20,113 4,027 2,687 17,435 4,160 591 1,361 196 2,355 478 190 3,798 1,676 310 2,333 672 184 2,133 586 120 6,002 3,088 714 1,595 518 150 866 269 76 2,223 539 142 2,431 671 149 7,954 6,865 435 3,064 981 21 988 2,836 393 16 10 46 360 492 7 3 71 581 396 8 16 43 287 633 10 25 44 259 2,115 47 35 131 923 636 2 10 4o 237 296 4 8 26 123 839 2 11 28 282 868 12 514 110 14 423 1,071 L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d Time d e p o s i t s except Government U. S. Government d e p o s i t s I n t e r b a n k demand d e p o s i t s : Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 10,538 1,227 161 1,979 7,692 292 28 8 91 403 # I n d i v i d u a l loan items a r e r e p o r t e d g r o s s , i . e . , b e f o r e deduction of v a u l a t i o n r e s e r v e s . -- 48 330
@FedFRASER